Delaware Chancery Court Chancellor McCormick Hears About “Heist Worth Tens of Millions of Dollars” from TransPerfect Attorney

OPINION

Dear friends,

Breaking news, folks: In the notorious TransPerfect case that has been ongoing in our Chancery Court, a company attorney made a strong argument that Skadden ArpsRobert Pincus used Court-granted power to “pull off a heist worth tens of millions of dollars.” Those are strong and important words.

Pincus knowingly made a “false recommendation to the Court” that a so-called independent advisor recommended the auction as “value-maximizing,” yet, then secretly let the advisor represent Chancery Court judge Kathaleen McCormick’s former client HIG in the court-ordered auction for the company sale, the attorney said in a court document. This is flat-out outrageous, folks, and I’m so glad it’s being argued so well! A heist indeed!

A federal judge found Chancery Court Chancellor Andre Bouchard guilty of ordering $44.5 Million in undocumented fees to his former employer, Skadden Arps, from Skadden’s Robert Pincus, which I’ve previously written about. The company attorney said that “Skadden will inevitably continue to squeeze (the company) for every dime its frauds will permit unless this court puts an end to this behavior.”

This must stop and must stop now! It’s time for McCormick to be the leader that the Chancery Court has lacked for years. It’s time to restore its once-proud glory. If not, the employees and families of this company — and surely other companies to come — will suffer at the abuse, cronyism and dysfunction of The Delaware Way that exists at the very top of our Chancery Court.

Please let me know your thoughts on this debacle that has been allowed to fester during the tenure of Bouchard and now McCormick. Will she put a stop to this highway-robbery heist?

Your feedback is welcome!

Sincerely yours,
JUDSON Bennett-Coastal Network

About Judson Bennett

Captain A. Judson Bennett was a life- long resident of Lewes, DE. He served the maritime industry for 33 years, primarily as a Delaware River Pilot, guiding large ships to the Port of Philadelphia. Captain Bennett has been an active and consistent entrepreneur over the years.

He was elected as a Lewes City Councilman for 6 years. Afterwards he ran for the Sussex County Council as a Republican, and with 20 thousand people voting, lost Delaware’s closest election by 3 votes to an 8 year incumbent. Abandoning his personal political ambitions, he became the Republican District leader, advocating conservative values. Captain Bennett became a lobbyist in the state legislature advocating among many ideas, financial literacy concepts in education. He managed several political campaigns, including one for Governor of Delaware and one for the US Senate against VP Joe Biden. He is now the owner, operator, and writer for the Coastal Network which communicates regularly with over 6000 people throughout the State of Delaware.

Captain Bennett is a graduate of St. Andrew’s School in Middletown, DE (where the movie “The Dead Poet’s Society was filmed) and also graduated “Magna Cum Laude” from the University of Delaware with a BA in Criminal Justice and an MA in Liberal Studies.

He is now a Widower, living in West Palm Beach, Florida. Captain Bennett has one son, three grandchildren, and one great grand-daughter, all who live in Richmond, Virginia.